Borregaard

Environmental & Social Information • Jun 19, 2019

Borregaard ASA: Increased utilisation of residuals from production processes as bioenergy

Borregaard ASA: Increased utilisation of residuals from production processes as bioenergy

Borregaard has today decided to invest NOK 131 million in a project aimed at

increasing the use of bioenergy from production residuals at the Sarpsborg site

in Norway. When completed in 2021, the bioenergy produced as a result of this

project will be approximately 20 GWh per year, representing a reduction of CO(2)

emissions of 1,200 tonnes. Longer term there is a potential to increase

production to 34 GWh per year, and a corresponding reduction of 1,400 tonnes

CO(2 )emissions.

Enova SF, a state enterprise under the Norwegian Ministry of Climate and

Environment, has decided to support the project by a grant of NOK 46.2 million,

thus reducing Borregaard's project cost to a net amount of NOK 85 million.

Sarpsborg, 19 June 2019

Contact:

Jørn Syvertsen, Director Investor Relations, +47 958 36 335

This information is subject to the disclosure requirements pursuant to Section

5 -12 of the Norwegian Securities Trading Act.